Internal Financial Controls and Working Capital Management in Public Universities in Uganda: A Case Study of Makerere University Kampala

Autor:	Eric Nzibonera, James Ninsiima
Rok vydání:	2020
Předmět:	Finance Research design Control environment Descriptive statistics business.industry 05 social sciences Control (management) Working capital Market liquidity Internal audit 0502 economics and business 050211 marketing business Risk assessment 050203 business & management
Zdroj:	International Journal of Business Administration. 11:72
ISSN:	1923-4015 1923-4007
DOI:	10.5430/ijba.v11n3p72
Popis:	The objective of the study is to examine the extent to which internal financial controls affect working capital management in Public Universities in Uganda. Working capital is vital for running of institutions because it provides the financial liquidity needed to effectively manage day-today operations. A cross-sectional research design was adopted using a quantitative approach. Data was collected from staff of Finance and Internal Audit Directorates, and heads of Departments, Schools and Colleges of Makerere University using a self- administered closed ended questionnaire. Empirical data was analyzed using descriptive statistics, Pearson’s correlation and regression tests. Findings indicate that the elements of internal financial controls which include; the control environment, risk assessment process and budget control have a positive and significant effect. The effect of control activities is not statistically significant. Therefore, Public Universities should strengthen financial control policies and procedures, risk assessment processes and budgetary control mechanisms to effectively manage working capital.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::dc759e121ca3d2d73005c96eda4426d4 https://doi.org/10.5430/ijba.v11n3p72 Zobrazit plný text záznamu